News And Announcements
Ofgem attacked for dropping plan to ringfence consumer deposits
Britain’s energy regulator has been attacked for failing to protect consumer deposits as part of measures to protect customers in the wake of several suppliers going bust last year.
Primark unveils £140m investment to create 850 jobs
UK discount clothing retailer Primark said it planned to invest £140m, including the opening of four new stores and the creation of at least 850 jobs as it looks to increase footfall during the cost of living crisis.
UK factory gate inflation revised upwards after ONS admits error
The UK’s Office for National Statistics has been forced to revise up its producer price inflation figures due to an error, which means factory gate inflation has been higher than published.
Jaguar Land Rover to cut production as chip shortage continues
Ongoing supply chain issues are seeing Jaguar Land Rover cut its UK production, it emerged on Friday, for at least three months.
PBOC to cut RRR by 25 basis points from 5 December
China said on Friday that it will cut its reserve requirement ratio for banks next month as it looks to bolster the economy.
UK car production returns to growth in October
UK car production returned to growth in October, rising 7. 4% to 69,524 units, according to the latest figures released on Friday by the Society of Motor Manufacturers and Traders (SMMT).
German consumer sentiment to continue stabilising - GfK
German consumer sentiment is expected to continue to stabilise next month, according to a survey released on Friday by market research group GfK.
German economy grows more than initially estimated in Q3
The German economy grew more than initially estimated in the third quarter, according to data released on Friday by Destatis.